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13763 Stirrup Court Forney, TX 75126

4 Beds 3 Baths 3,203 sqft Built 2000

$579,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $180.77
  • 2 Days on Market
  • MLS # : 14494498
  • Updated Date : 01/09/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,203 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Rockwall schools! Evoking the spirit of country living, surrounded by four-plus acres backing to a forest of trees, this one-story home sits on a quiet cul-de-sac offering privacy. Bring the horses and the RV.'s! Four bedrooms, three full baths, three living areas, including study and enormous family-game room. Beautiful kitchen with specialty lighted cabinets. Formal living and dining. Lovely woodworking features, with sand and finish floors. Master bedroom has private entry to patio area. Backyard oasis with sparkling pool, huge covered patio with outdoor kitchen. No HOA. New Linda Lyons elementary, Tom Thumb Plaza with shopping, restaurants. So much room to play and enjoy this country home!

SEE MORE

MARKET HIGHLIGHTS

  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Saddleclub Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k421k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Saddleclub Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262311

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Amy Parks-heath Elementary School Primary Regular 781 44 9
Amy Parks-heath Elementary School Middle Regular 781 44 9
Rockwall-heath High School High Regular 2,200 119 8

Amy Parks-heath Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 44
9
GreatSchools Rating

Amy Parks-heath Elementary School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 44
9
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,011
Property Tax -$1,327
Property Insurance -$212
Property Management Fees -$99
CASH FLOW
-$1,049

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$579,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$38

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,827

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4503$2,6004$3,0005$3,195
$3,195
RENT COMPS ANALYSIS
  • 13763 Stirrup Court Forney, TX 3
    • 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 1209 Templin Avenue Forney, TX 1
    • 4 beds 4 baths ∙ 2,964 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,964 Sqft ∙ Built 2017
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.80
    •  
  • 1211 Templin Avenue Forney, TX 2
    • 5 beds 4 baths ∙ 3,035 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,035 Sqft ∙ Built 2017
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 2073 Fm 740 Heath, TX 4
    • 4 beds 3 baths ∙ 3,172 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,172 Sqft ∙ Built 2002
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 2073 Trophy Drive Heath, TX 5
    • 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2017
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.97
    •  
PROPERTY LISTING DETAILS
Vicky Chesna
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494498
Last Updated: 01/09/2021
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